Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    29-Acre Commercial Land Parcel Title is generated by Realmo AI

    Lot 21 Auburn Road, Turner, ME 04282

    View on Map
    Claim this Listing
    For Sale
    $85,000

    29-acre commercial land with high visibility and road frontage.

    Type:Lots/Land
    Property size:
    1,263,240 SF
    Lot size:
    29.00 Acres
    Price / SF:
    $0.07/SF
    Added:
    Sep 17, 2024
    Days on Market:
    623
    Last Refresh:
    May 27 at 9:31 am

    Property Features for Lot 21 Auburn Road

    General Information

    Standard status
    Active
    Size
    1,263,240 SF
    Lot size
    29.00 Acres
    Property subtype
    Lots/Land

    We can help!

    Listing Contact
    Clayton Larochelle

    Listing agent Clayton Larochelle

    Listing office Fontaine Family-The Real Estate Leader

    Listing date Sep 17, 2024

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Fontaine Family-The Real Estate Leader

    HighLights

    • 29‑acre commercial land parcel zoned for commercial use.
    • High visibility with 875 feet of road frontage.
    • Benefits from a daily traffic count of 5,000 vehicles.
    • Prime location with easy access.
    • Ideal for a variety of business applications (retail, office).
    • Currently wooded, providing a natural backdrop for development.

    Overview

    This 29-acre commercial land parcel presents an investment opportunity with significant exposure and accessibility. The property features 875 feet of road frontage and benefits from a daily traffic count of 5,000 vehicles. Currently wooded, the land is zoned for commercial use, making it suitable for various business applications, including retail centers and office spaces. The location offers easy access and high traffic flow, presenting a strategic opportunity for entrepreneurs and developers. The property is located on Auburn Road in Turner, Maine.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center Department Store Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Turner
    County
    Androscoggin
    State
    Maine
    Longitude
    -70.236133
    Latitude
    44.187075

    Nearby Similar for Sale

    • $1,350,000
      5,580 SF

      Turn-Key Auto Sales Business

      Fully operational auto sales business on 3.61 acres.
      1026 Auburn Road, Turner, ME 04282
      View Details
    • $975,000
      4,000 SF

      Turner Commercial Property on Route 4

      Commercial property on 4.77 acres with high visibility.
      7 Springbrook Road, Turner, ME 04282
      View Details
    • $629,000
      3,564 SF

      Colonial Multi-Family with In-Law Apartment

      Exceptional property with in-law apartment and golf course views.
      775 N Parish Road, Turner, ME 04282
      View Details
    • $1,800,000
      18,200 SF

      Turnkey Cannabis Cultivation Facility

      Fully operational cannabis cultivation facility with expansion potential in Turner, Maine.
      57 Conant Road, Turner, ME 04282
      View Details
    • $149,000

      Commercial Land on Route 4

      8-acre commercial land parcel with high visibility on Route 4.
      28-1 Auburn Road, Turner, ME 04282
      View Details
    • $5,000,000
      28,179 SF

      Expansive Land Package in Turner

      1733-acre land package with buildings, development potential.
      2 Plains Road, Turner, ME 04282
      View Details
    • $399,000

      Expansive Land Parcel in Turner

      39+ acres in Turner, Maine, ideal for development or recreation.
      Howes Corner Road, Turner, ME 04282
      View Details
    • $1,350,000
      5,580 SF

      Turn-Key Auto Sales Business

      Operating auto sales business on Route 4 in Turner, Maine.
      1026 Auburn Rd, Turner, ME
      View Details
    • $5,000,000
      850,000 SF

      Turner Land & Buildings Package

      1750-acre land package with buildings in Turner, Maine.
      2 Plains Road, Turner, ME 04282
      View Details
    • $125,000

      Turner, ME Commercial Land

      Commercial land with high visibility on heavily traveled route.
      Auburn Road, Turner, ME 04282
      View Details
    • $199,000

      Turner, Maine Commercial Land

      16-acre commercial land parcel with high visibility on Route 4.
      Map28Lot1 Auburn Road, Turner, ME 04282
      View Details
    • $109,000

      Commercial Land on Route 4

      Nearly 4-acre commercial land parcel with high visibility.
      Map28Lot1 Auburn Road, Turner, ME 04282
      View Details

    FAQs

    What type of property is this?
    Commercial land - 29-acre commercial land with high visibility and road frontage.
    Where is this commercial land located?
    The property is located at Lot 21 Auburn Road Turner, ME.
    What is the asking price?
    The asking price for this property is $85,000.
    What are key features of this property?
    This property features: 29‑acre commercial land parcel zoned for commercial use.; High visibility with 875 feet of road frontage.; Benefits from a daily traffic count of 5,000 vehicles.
    (207) 784-3800
    We can help!
    Listing Contact
    Clayton Larochelle
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Lot 21 Auburn Road, Turner, ME 04282
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!